Hauser Brothers GmbH cut its stake in XPO, Inc. (NYSE:XPO – Free Report) by 33.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,300 shares of the transportation company’s stock after selling 27,700 shares during the quarter. XPO makes up approximately 5.8% of Hauser Brothers GmbH’s investment portfolio, making the stock its 5th largest position. Hauser Brothers GmbH’s holdings in XPO were worth $7,149,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in XPO. Forge First Asset Management Inc. purchased a new stake in XPO during the second quarter worth $6,079,000. Allspring Global Investments Holdings LLC increased its holdings in XPO by 86.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 86,726 shares of the transportation company’s stock valued at $11,008,000 after buying an additional 40,235 shares in the last quarter. Cooke & Bieler LP raised its position in shares of XPO by 9.0% in the third quarter. Cooke & Bieler LP now owns 933,745 shares of the transportation company’s stock worth $120,705,000 after acquiring an additional 76,847 shares during the period. Gateway Investment Advisers LLC raised its position in shares of XPO by 67.2% in the third quarter. Gateway Investment Advisers LLC now owns 18,431 shares of the transportation company’s stock worth $2,383,000 after acquiring an additional 7,406 shares during the period. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of XPO during the 2nd quarter worth about $47,437,000. Institutional investors and hedge funds own 97.73% of the company’s stock.
XPO Price Performance
XPO stock traded down $0.30 during trading on Friday, hitting $182.51. The stock had a trading volume of 110,096 shares, compared to its average volume of 1,863,001. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $220.50. The company’s 50-day moving average price is $176.76 and its two-hundred day moving average price is $149.36. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $21.38 billion, a P/E ratio of 68.73, a PEG ratio of 2.51 and a beta of 1.94.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the company. Zacks Research upgraded XPO from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 12th. UBS Group set a $210.00 price target on XPO and gave the stock a “buy” rating in a research report on Friday, February 6th. Morgan Stanley reissued an “underweight” rating and issued a $95.00 price objective on shares of XPO in a report on Thursday, February 5th. Stephens reaffirmed an “overweight” rating and set a $170.00 target price on shares of XPO in a research note on Tuesday, January 6th. Finally, Benchmark reiterated a “buy” rating on shares of XPO in a research report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.14.
View Our Latest Stock Report on XPO
XPO Company Profile
XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.
In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.
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